MDEX: Palm oil spot closes in negative territory on Wednesday.

The September palm oil contract ended Wednesday's session (5) stable with a downward bias (-0.04%) in Malaysian Derivatives Exchange (MDEX) The price for the October contract rose 0.22% to US$1,148.75/ton. Meanwhile, the October contract advanced 0.22% to US$1,148.75/ton. For the week so far, the contracts have accumulated gains of 0.62% and 0.99%, respectively. 

Driving up prices, palm oil recorded a gain of 1.16% in… Dalian Exchange (DCE), which closed sharply higher by 1.16%. On the other hand, soybean oil fell 0.07% in the Chinese index.

Furthermore, the Malaysian ringgit depreciated by 0.12% against the dollar, a factor that makes the commodity cheaper for buyers of foreign currencies.

Weighing on prices, European Union palm oil imports for the 2026/27 crop year fell 31% to 190,000 tons, according to the European Commission. 

On the radar, the Malaysian Palm Oil Board (MPOB) The official data must be released on August 10th.

This text was translated by machine from Brazilian Portuguese.